New Issue: SG Structured Products sells $2 million 11% ReConvs linked to AT&T

By Laura Lutz

Des Moines, Jan. 10 - SG Structured Products, Inc. priced $2 million of 11% ReConvs notes due June 27, 2008 linked to AT&T Inc. stock, according to a term sheet.

Interest is payable monthly.

If AT&T stock falls below the contingent protection level of $33.18, 80% of the initial level, during the life of the notes and the stock finishes below the initial share price, the payout will be par divided by the $41.48 initial price, in stock or the equivalent in cash.

Otherwise, the payout is par.

SG Americas Securities, LLC is lead agent with Countrywide Securities Corp. as co-agent.

Issuer:	SG Structured Products, Inc.
Issue:	ReConvs
Underlying security:	AT&T Inc. (Symbol: T)
Amount:	$2 million
Maturity:	June 27, 2008
Coupon:	11%, payable monthly
Price:	Par
Payment at maturity:	If AT&T stock falls below the contingent protection level of $33.18 during the life of the notes and finishes below the initial price, payout will be par divided by the $41.48 initial price, in stock or equivalent in cash; otherwise par
Initial price:	$41.48
Contingent protection level:	$33.18, 80% of the initial level
Pricing date:	Dec. 21
Settlement date:	Dec. 28
Agents:	SG Americas Securities, LLC (lead), Countrywide Securities Corp. (co-agent)
Fee:	3.5% (maximum)

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